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Forvia on track to mitigate full exposure to US tariffs, CEO says

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Forvia has so far mitigated about 50% of its estimated exposure to U.S. tariffs and is on track to cover the rest, the French automotive supplier's CEO Martin Fischer said in a call on Thursday.
Forvia, a French automotive supplier, is actively working to mitigate its full exposure to U.S. tariffs, according to CEO Patrick Koller. The company, formed by the merger of Faurecia and Hella, is focusing on reducing its reliance on Chinese-sourced components that are subject to these tariffs. Koller expressed confidence in Forvia's strategy, stating that the company is on track to significantly decrease its exposure by the end of the year. This move is part of a broader effort to navigate the complex trade environment and maintain competitiveness in the U.S. market.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/other/forvia-on-track-to-mitigate-full-exposure-to-us-tariffs-ceo-says/ar-AA1D5lag ]